Fixing Venezuela's ailing economy depends on turning around country's Hugo Chavez oil belt

April 3, 2015 4:49 AM

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Fixing Venezuela's ailing economy depends on turning around country's Hugo Chavez oil belt

In this Feb. 18, 2015 photo, flames burn at an oil complex near El Tigre, a town located within Venezuela's Hugo Chavez oil belt, formally known as the Orinoco Belt. The Costa Rica-sized area is home to the world’s largest oil reserves and about half of Venezuela’s current production. (AP Photo/Fernando Llano) (The Associated Press)

In this Feb. 18, 2015 photos, oil workers from PDVSA contractor Tucker Energy Services take a break from moving equipment to an oil field near El Tigre, a town located within Venezuela's Hugo Chavez oil belt, formally known as the Orinoco Belt. The workers said their company was asking them to ready...

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